Binance net outflows reach $4.7B following its $6.3B hack

By Reid Robertson · Nov 2, 2026 9:27 AM ET

Binance has seen $4.7B in net outflows since reopening withdrawals on Sunday, following last week's $6.3B hack.

Customers had withdrawn a net $4.7B by Monday morning, according to a Binance spokesperson, Bloomberg reported (1).
That includes a $1.1B exodus above the $3.6B in net outflows Binance reported from 6 a.m. to 3:30 p.m. UTC on Sunday, November 1 (2).
The net $4.7B of outflow represents about 2.8% of the $166B in assets Binance holds (1).
Binance founder Changpeng Zhao took to X on Sunday, 12 hours after withdrawals had resumed, writing "98% choose to stay! Trust isn't earned by what you say in good times. It's earned by what you do in hard times" (3).
Zhao's "98%" figure has already slipped to 97.2%, and isn't a clean measure of loyalty. It's a dollar-based figure rather than a customer headcount, one that can mask gross withdrawals with new deposits.
The FBI has attributed last week's $6.3B exploit to North Korean hackers. Digital asset exchange Bybit lost nearly $1.5B to a heist also linked to North Korea last year (1, 2).
Sunday's flows may not be the final read. Individuals can pull coins within minutes, even on a weekend, but larger institutions, funds, and market makers often need risk and compliance teams to weigh in. Meaning, as withdrawals return in phases, outflow could reaccelerate in the coming days.
Bitcoin this morning sits at $77,908 per coin, a 10.87% decline year-to-date (4).